291.005 DEFINITIONS. Subdivision 1. Scope. Unless the context otherwise clearly requires, the following terms used in this chapter shall have the following meanings: (1) “Commissioner” means the commissioner of revenue or any person to whom the commissioner has delegated functions under this chapter. (2) “Federal gross estate” means the gross estate of a decedent as […]
291.01 TAX IMPOSED. A tax is hereby imposed upon the transfer of estates of decedents as prescribed by this chapter. History: (2292) 1905 c 288 s 1; 1911 c 372 s 1; 1935 c 334 s 1; Ex1937 c 50 s 3; 1939 c 338 s 1; 1939 c 431 art 6 s 6; 1941 […]
291.016 MINNESOTA TAXABLE ESTATE. Subdivision 1. General. For purposes of the tax under this chapter, the Minnesota taxable estate equals the federal taxable estate as provided under section 2051 of the Internal Revenue Code, without regard to whether the estate is subject to the federal estate tax: (1) increased by the value of any property […]
291.03 RATES. Subdivision 1. Tax amount. The tax imposed must be computed by applying to the Minnesota taxable estate the following schedule of rates and then the resulting amount multiplied by a fraction, not greater than one, the numerator of which is the value of the Minnesota gross estate plus the value of gifts under […]
291.031 CREDIT. (a) The estate of a nonresident decedent that is subject to tax under this chapter on the value of Minnesota situs property held in a pass-through entity is allowed a credit against the tax due under section 291.03 equal to the lesser of: (1) the amount of estate or inheritance tax paid to […]
291.075 SPECIAL USE VALUATION OF QUALIFIED PROPERTY. If, after the final determination of the tax imposed by this chapter, the property valued pursuant to section 2032A of the Internal Revenue Code is disposed of or fails to qualify and an additional tax is imposed pursuant to section 2032A(c), any increase in federal gross or taxable […]
291.12 COLLECTION OF TAX BY REPRESENTATIVE OR TRUSTEE. Subdivision 1. Requirement. Any representative or trustee who has in possession or under control, property, the transfer of which is subject to any tax imposed by this chapter and from which such tax may lawfully be paid by the representative or trustee, shall either deduct the amount […]
291.13 TAXES TO BE PAID TO COMMISSIONER OF REVENUE. Subdivision 1. Requirement. All taxes imposed by this chapter shall be paid to the commissioner. Subd. 2. [Repealed, 1978 c 766 s 20] Subd. 3. Deposit in general fund. All taxes paid under the provisions of this chapter shall be deposited by the commissioner in the […]
291.16 POWER OF SALE. Every executor, administrator, or trustee shall have full power to sell the property embraced in any inheritance, devise, bequest, or legacy to pay the tax imposed by this chapter, in the same manner as entitled by law to do for the payment of the debts of a testator or intestate. History: […]
291.21 LETTERS OF ADMINISTRATION. Subdivision 1. Rights of commissioner. The commissioner shall have the same rights to apply for letters of administration as are conferred upon creditors by law. Subd. 2. [Repealed, 1979 c 303 art 3 s 41] History: (2304) 1905 c 288 s 13; 1911 c 209 s 3; 1939 c 338 s […]
291.215 VALUATION OF ESTATE. Subdivision 1. Determination. All property includable in the Minnesota gross estate of a decedent shall be valued in accordance with the provisions of sections 2031 or 2032 and, if applicable, 2032A, of the Internal Revenue Code and any elections made in valuing the federal gross estate shall be applicable in valuing […]
291.27 UNPAID TAX; OMITTED PROPERTY. Any tax due and unpaid under the provisions of this chapter may be enforced and collected from any transferee of property included in the Minnesota estate by action in the court of administration of the estate of the decedent or in a court of general jurisdiction by the personal representative […]
